DXC Technology Co (NYSE:DXC) was the target of some unusual options trading activity on Thursday. Stock traders bought 39,670 call options on the stock. This represents an increase of approximately 12,144% compared to the typical volume of 324 call options.

Institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC lifted its holdings in shares of DXC Technology by 19.1% in the 3rd quarter. Aperio Group LLC now owns 196,646 shares of the company’s stock worth $18,390,000 after acquiring an additional 31,535 shares during the last quarter. Morgan Stanley lifted its holdings in shares of DXC Technology by 11.2% in the 3rd quarter. Morgan Stanley now owns 689,488 shares of the company’s stock worth $64,481,000 after acquiring an additional 69,607 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of DXC Technology by 327.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 481,952 shares of the company’s stock worth $45,093,000 after acquiring an additional 369,322 shares during the last quarter. Pendal Group Ltd lifted its holdings in shares of DXC Technology by 2.0% in the 4th quarter. Pendal Group Ltd now owns 36,057 shares of the company’s stock worth $1,917,000 after acquiring an additional 705 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of DXC Technology by 9,186.6% in the 3rd quarter. Schroder Investment Management Group now owns 337,752 shares of the company’s stock worth $31,586,000 after acquiring an additional 334,115 shares during the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.

DXC Technology stock opened at $65.46 on Friday. The stock has a market capitalization of $18.03 billion, a PE ratio of 8.24, a PEG ratio of 1.23 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.04. DXC Technology has a 12-month low of $49.19 and a 12-month high of $107.85.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, February 7th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.19. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.16 billion. DXC Technology had a net margin of 7.09% and a return on equity of 19.78%. The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business earned $1.86 EPS. Research analysts forecast that DXC Technology will post 8.24 EPS for the current year.

Several equities analysts have commented on DXC shares. Cowen upgraded shares of DXC Technology from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Tuesday, January 8th. Berenberg Bank lowered their price objective on shares of DXC Technology to $80.00 and set a “hold” rating for the company in a research report on Friday, November 9th. ValuEngine lowered shares of DXC Technology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 2nd. Finally, SunTrust Banks lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. DXC Technology currently has an average rating of “Buy” and a consensus price target of $91.42.

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About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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